SPARTAN ENERGY CORP. BUILDING SUSTAINABLE GROWTH JUNE 2015
Company Snapshot 3 Stock symbol SPE - TSX Market capitaliza6on ( June 1, 2015) 848 million Enterprise value ( June 1, 2015) 1.02 billion Current produc6on (Q1 2015 Average) 9,402 boe/d Oil & liquids weigh6ng 95% 2014 Year…
Corporate Strategy 4 Spartans strategy is to acquire and develop high quality assets which will generate signicant free cash ow over a reasonable period of 6me. Focus is on sustainable growth and manageable declines. Maintain…
Light Oil With Geographic Focus 5 West Central High netback light oil Saskatchewan (produc6on maintenance 100 undrilled loca6ons and free cash ow) 1,700 boe/d Southeast Conven6onal Mississippian Saskatchewan light oil…
SE Sask Assets Key Areas 6 Mair/Redvers Crystal Hills Wordsworth Greater Queensdale Conven6onal Mississippian light oil Emerging Midale frac play Pinto Ownership and control of key producing…
SE Sask Top Tier Capital Eciencies 7 Open Hole Midale Frac Type Frobisher Type Well(1) Well IP30 (bopd) 120 93 EUR (Mboe) 78 (100% oil) 78 (96% oil) Capital (M) (2) 2,100 1,100 F&D (/boe) 26.92 14.10 Capital eciency…
SE Sask Type Well Sensivies 8 250% 200% Rate of Return 150% 100% 50% 0% 50 60 70 80 90 Realized Price Cdn/bbl Notes: (1) Type wells are internally derived and are u6lized for internal budge6ng…
Dominant Land Posi[on Along Frobisher/Alida Fairway 9 Wordsworth/ Bualo Head Greater Queensdale Large OOIP; low recovery factor 500 net open hole development loca6ons Average well cost 1.1mm (DC&E) AMrac6ve…
Emerging Midale Poten[al 10 Midale Erosional Edge Pinto ElcoQ / Florence Light oil High impact conven[onal asset which u[lizes unconven[onal comple[on technology Large OOIP: 133 mmbbls OOIP at Pinto; current…
VIKING 11 Plenty T33 Kerrobert T32 T31 Dodsland Lucky Hills T30 Whiteside R24 R23 R22 R21 R20 R19 Spartan Viking Asset West Central Saskatchewan Light oil 42 API Working interest 93% OOIP 6 - 10…
2015 Budget Highlights 12 Spartans 2015 budget is structured to: deliver sustainable growth (28% growth in avg. prod. per share over 2014) manage corporate declines (est. at 29% for 2015) maintain the companys strong nancial…
2015 Budget Guidance 13 Capital 105 million Average produc6on (boe/d) 9,200 (94% oil & liquids) Exit produc6on (boe/d) 9,900 (94% oil & liquids) Cash ow (funds from opera6ons) 102 million Year-end net debt 89 million…
Commodity Price Sensi[vi[es 14 Es[mated Annual Average Produc[on Growth Spending 100% of Cash Flow 50% 1.5 Annual Average Per Share Produc[on Growth 40% 1.2 30% 0.9 20% 0.6 10% 0.3 0% 0.0 50 55 60…
Management 15 RICHARD (RICK) MCHARDY, B.Comm., LLB., - President & CEO 18+ years experience in M&A /securi6es maMers and oil and gas President, CEO Spartan Oil Corp., President, CEO Spartan Explora6on Ltd., President, Titan…
16 BOARD OF DIRECTORS BANKER Michael Stark Na6onal Bank Chairman Independent Businessman Don Archibald EVALUATION ENGINEERS Independent Businessman Sproule Associates Limited Reg Greenslade Independent Businessman REGISTRAR &…
Analyst Coverage 17 AltaCorp Capital Inc. (Thomas MaMhews) Clarus Securi[es Inc. (Daniel Choi) Cormark Securi[es Inc. (Amir Arif) Desjardins Capital Markets (Kristopher Zack) Dundee Capital Markets (Brian Kristjansen)…
Spartan Oil 269% ROI (18 months) Overview Price Event Chart Formed through the spin-out of certain Cardium assets and SE Saskatchewan assets from Spartan 6.00 June 1, 2011: Completion of Feb 21, 2012: Announcement of…
Spartan Explora[on 500% ROI (36 months) Overview Price Event Chart 4.50 2,700,000 Spartan Explora6on was formed in Q1-2008 with a March 2008: 5.2MM non- April 1, 2011: Sold to Penn West for 228MM (6.00/share) brokered financing…
Type Well Economics 22 Open Hole Frobisher Type Well (Crown) Realized Price(1) WTI (2) IP30 EUR NPV BT10 IRR (BT) Payout (Cdn/bbl) (US/bbl) (bbl/d) (mboes) (M) (%) (Years) 50 51.28 93 78 741.4 45.6 1.8 60 60.33 93 78 1,283.3…
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